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2013 and Earlier - Hyundai Sonata Prices Paid and Buying Experience



  • zen2zen2 Posts: 226
    That's a half dozen more than I have seen. Mine is the only one I saw
    this week, driving down I-79 to Pa. Turnpike to Va. and back.
  • The November incentives are now posted on the Hyundai Site. The V6 look unchanged for November.
    Does any one have any thoughts on is it more advantageous to shop the end of the month vs beginning or middle ect.

    The dealers seemed to be more than willing to try and make a deal at the end of last month, I wonder will they have the same incentives this month
  • Sure its risky if you buy after the price has run up really fast.
    Don't buy as the price is skyrocketing. Don't sell when price is low.
    Buy low, sell high.
    Gold and silver are cheap now.
    The government and the Fed has diluted the value of the dollar so much most people can't even afford to buy a house now. Nor a car soon.
  • kyfdxkyfdx Posts: 70,616
    Let's save the macro-economic debate for another forum....



    Prices Paid, Lease Questions, SUVs

  • Sounds like Cochran will match Fitz price, Fitz price went up by $500 because the spiff is no longer available.

    Unfortunately, we looked at the Lexus IS 300 last night. It's a little more car for a lot more money. But importantly, my wife likes the Lexus. I guess that is why we have ended up with BMWs instead of Chevys over the years. Well, we will see.
  • A little latitude please? From the Azera board:

    #291 of 292 Hmm delayed again? by keithl Nov 03, 2005
    I stopped by a dealer last week as I am wiating on my next purchase until the Azera ships. Well he now says they were told it was pushed into January. The reason, too many XG350 left to sell. Well with all the Azera buzz do they think many will opt for a XG350? I gues if I was in a jam and had to buy now. He did say there was over $4000 iin rebates on the XG350.

    #292 of 292 Re: Azera, Sonata or XG350? [keithl] by averigejoe Nov 03, 2005
    The XG350s are really nice cars if you can get a new one around $18,000 or so. It has a nice smooth ride and power delivery. Has a lot of equipment too. Increase the air pressure in the tires to improve the mushy handling.
    Go test drive one, but first ask the dealer to put at least 38 or 39 lbs into each tire (they'll safely hold 50).
    Inside, the XGs look a lot like a 10 year old Infinity Q45 or a 15 year old Jaguar XJ sedan. Some of us still admire that style.
    Outside, from the front you may see the Infinity I 35. From the back, a little like a Bentley. Overall it is at least unique.
    Price-wise, a new XG should cost no more than a 4 cylinder Sonata GLS with the premium package. Compare those 2 if you are thinking of a new Hyundai sedan around $18,000.
    There are dramatic differences. Find out which suits you best.
    (But I am really anxious to try an Azera.)
  • I was given a price of $22,900 for a Sonata LX with option package 3. This is before any rebates.

    Any Questions?...Any comments? Seems like a very good price to me.
  • What was the MSRP on that one?
  • What is the spiff?
  • This is a good price as long as 22,900 already includes all extra fees dealer likes to attach, like destination, advertisement, processing, etc.
    In other words, if it's 22,900 - $2000 (current rebates) + tax then go for it.

  • Hi,

    This is the deal that I received...I'm sure you can go a bit lower and the extra $500 rebates on the LX will help.

    We purchased our car on 10/22/2005 in Houston, TX. It is a Bright Silver Sonata LX with Pkg.3 (Sunroof and CD Changer)

    $24,895.00 MSRP
    $ 199.00 (Price of Tint b4 Negotiations)
    $23,439.00 Invoice (includes a $600 Advertising fee)

    $22,500.00 Sale Price
    + $ 100.00 Tint
    + $ 1,293.75 Tax (6.25%)
    + $ 242.51 Fees
    - $ 500.00 Manufacturer Rebate
    - $ 1,000.00 HMFC Rebate
    - $ 400.00 Graduation Rebate

    $22,236.26 Final Price

    I wish I would have waited this week. I noticed that the rebates went up from $500 to $1000 on the LXs as well. Also, I wish I would have owned a Hyundai before to get the $1000 loyalty rebate. This would have brought the drive-out price to $20,736.26.

  • chronochrono Posts: 149
    Yea, what is a spiff??
  • gmctruckgmctruck Posts: 186
    Read this recent post and see if you can figure out what a spiff is:

    #781 of 809 Re: Fitzgerald is really cheap [smith20] by rcinmd Nov 01, 2005 (4:05 pm)
    Bookmark | Reply | E-mail Msg
    Replying to: smith20 (Nov 01, 2005 3:49 pm)


    The key with the lower prices we saw in October on the Sonatas versus what was posted in September is that Hyundai extended dealer money which the consumer usually is not aware of. I bemoaned the fact that I do not own a Hyundai currently, and therefore could not get the additional $1000 off. But he made the point that perhaps in November, the dealer money won't be there. So even if the published rebates don't change, it is possibly they won't be able to sell them as cheaply if all incentives are not continued in November.
  • danf1danf1 Posts: 935
    In sales a spiff is "Special Pay Incentive For Fun Sales." I'm not sure how that relates to the price of a new car though. It is usually a cash bonus for a salesperson.
  • I have been watching the 06 Sonata price changing since September.

    Till now, What I saw was that the price was not dropping. The competitive rebate available in September was gone. And the rebates of November are almost the same as those of October.

    I am seriously thinking of buying a 4-cyl 06 Sonata by the end of this year. I have heard a lot that the best time to buy a new car is either in September or at the end of the year. So I was expecting the price of 06 Sonata to drop as the winter comes. But it didn't happen.

    Will there be a good deal if I wait till Xmas? I will definitely have to buy one by that time.
  • I talked to one salesperson and this is what he said:

    This month is usually an okay sales month, but for some reason, this month (2005)was really bad for all dealerships nationwide. They were more willing to do lower sale prices to move cars.

    They do okay this month as well, but rebates usually stay the same as October. Most people want to wait until the end of year to buy. (If November is as bad as October, this could be a good time to buy.)

    Car manufacturers give the best rebates. Rebates might go up this month (2005), but no one can say for sure. However, everybody has the same concept of waiting until the end of the month to buy cars. Thus, the demand goes up and the supply will depreciate. (Supply vs. Demand Economics) Rebates may be higher, but they will be less willing to sell the car at a lower price. So do you really save a lot of money?
  • Thank you for your information.
    This is going to my first new car, and the market is somewhat confusing.
    I'll probably wait for one more month, and go to some straight place like fitzmall for it.
  • You'll never know what deal you can get until you go in and make an offer. Any offer the dealer makes to you is probably not his lowest price. And if the dealer won't take your offer, walk away. Try another one or go back next week.
  • danf1danf1 Posts: 935
    Another thing to consider: Every manufacturer has certain amounts of incentive money to spend every month. They need to spread that money across their product line. The cars that are selling the best will usually receive the least incentive money.

    The 2005 Santa Fe's are starting to grow old on the vine here. The XG350s need to go as they are being replaced with the Azera. There are very few 2005 Accent, Elantra, Tiburon or Tucson to be found. The Sonata is already selling better than last years model. You will probably see a shift in large incentives to the Santa Fe's if I were to guess. I wouldn't think the Sonata will be increasing soon.

    That said, I have no idea what will happen. I'm just trying to draw some logical conclusions. Take it for what it is worth.
  • bhmr59bhmr59 Posts: 1,601
    The "buy a new car in September" thinking is based on buying an outgoing/expiring model, not the brand new model year.

    The '06 Sonata introduced in the spring was not an outgoing or expiring model year...And a complete model redesign.

    If you were considering an '05 "XYZ", with the '06 "XYZ" (same car, just a model year change) being introduced late Sept or Oct 1, then the "buy a new car in September" thinking would usually work for the '05. But your new car would be one model year old in a few weeks, if that matters to you. I didn't care. Bought '05 Sonata in April because it was great value and a great car. I didn't care that it would be "a year old" before a few tanks of gas. ;)
  • Walking away from the deal is not the answer. Hang in their till the dealer you have exhausted the dealers offers and then offer $200 dollars lower. 9 out of ten times you've won. And going to Fitzgerald is not the automatic answer. They get you on dealer fees that they control the pricing on. If it is near you then just do the business, if not work the local dealer. Remember that winter is coming, so desperation sets in.
  • In order to be eligible for the rebate, should I own a Hyundai's vehicle CURRNETLY?
  • Yours is not a good idea unless you have decided you must buy from that particular dealer during that particular visit. Just because you might get it for $200 less than his last offer does not mean you are getting the best (or even a good) price. You are playing his game at his price if all he has to do is size you up as a shopper who will pay 200 less than his "final" offer.
    Dealers love shoppers like that.
    Well, I guess If you don't know how much you want to pay when you go in and are willing to pay whatever it takes to make the deal happen, then at least you are assured of getting a car and not being disappointed at the price.
    Good luck!
  • backybacky Twin CitiesPosts: 18,910
    In order to qualify for the Hyundai owner loyalty rebate, you either need to own a Hyundai or buy two at one time. On the latter, I saw this happen once when I was in a dealership. A guy was buying a Sonata and an Elantra at the same time and thus got the loyalty rebate on the Sonata (I don't think the Elantra had a loyalty rebate at that time).
  • When Lexus introduced the LS400 and Infiniti introduced the Q45 in late 1989 the Lexus took off like a rocket and the Q45 languished. As a result, I leased a Q45 for $200 a month for 3 years with no cap reduction. An equivalent lease on an LS400 was about $500 per month. Was I really smart, no. I was just "fortunate" enough to want something that others were shunning.

    What's interesting is that I found the Infiniti deal by accident. My neighbor got one, and I asked about it. Today the search for a new car or anything else is much more methodical. For example, I looked for a digital camera for my daughter in college. I settled on a 4 or 5 megapixel model. I referred to Consumer Reports online, they recommended a couple of Kodak models as best buys. I pasted the model number in Googles and found it for $115 refurbish. Others were selling brand new ones for $160. My point is that the internet gave me a choice without causing me any exertion.

    This brings me to the Sonata. It's a lot like the Q45. Perceptions may be lagging reality and anywqy if you keep the car forever it's poor resale value is inconsequential.

    My car search has illustrated how important the internet is for methodical shopping. I came to Edumds to see who has the best deals on the Sonata. Fitzgeralds seemed to be the answer. I tried the Fitz deal on a couple of local dealers and the response was that Fitz was losing money on the deal. I took a suggestion on this forum and used the internet to propose the Fitz deal to Cockrhan , locally. They took it. But without the internet, I wouldn't have been able to pit one dealer 250 miles away against local a dealer.
  • zen2zen2 Posts: 226
    Nice going! I wish I had heard about Cochran's before
    I got my Sonata, since I live in Pa. I took Fitz
    price to the only local dealer, and they told me they
    couldn't touch it, but they did come down 300 on
    their "best" price.
  • My Hyundai dealer is telling me that tax is based on the price of the car before rebates are applied. For example, if the negotiated price before rebates on a 2006 Sonata is $20,000, and Rebates = $3000, I would calculate tax based on the $20,000 and not $17,000. Is this correct?
  • kyfdxkyfdx Posts: 70,616
    Your dealer is correct...


    Prices Paid, Lease Questions, SUVs

  • backybacky Twin CitiesPosts: 18,910
    This is not true for all states. In MN, sales tax is based on the price after rebates, and trade-in. :)
  • Thanks kyfdx. Do you know the rules for Ohio?
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